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Wednesday, January 17, 2018

Bitcoin is continuing to plunge amid fears that countries could ban it being traded.

Every single cryptocurrency – which includes bitcoin, but new entrants like ethereum and ripple – has plunged by about 10 per cent over the last day. That's down from an already low price, after a significant selloff in recent days.

The plunging price is on the back of suggestions by a number of governments that they could ban or at least crack down on trading in cryptocurrencies. Both South Korea and China have suggested in recent days that they could ban or at least severely restrict trading in the currencies.

Bitcoin is now falling close to $10,000, having dropped more than 10 per cent in the last 24 hours. That is a marked reduction from December's highs, when the price was reaching to nearly $20,000 and had surged 2,000 per cent over the last year.

Every single cryptocurrency in the top 20 by market cap has fallen, according to the site Coin Market Cap.

The decline started on Tuesday after South Korea's most senior financial lawmaker said that the country was looking seriously at banning trading in the currency entirely. He said that the government had agreed on some plans including forcing people to use their real names while trading, but that it was considering a complete ban as a "live option".

Such a change would almost cause significant trouble for the bitcoin market. South Korea is one of the largest bitcoin trading markets in the world, with the demand so high that bitcoin sells for even more in the country.

That was followed quickly by reports that China was also considering a ban on trading the currency outside the country.

Both of those suggestions are thought to have led to worries that regulators could impose similar restrictions elsewhere in the country. Experts have suggested that cryptocurrencies could be a central topic of discussion at the G20 in March, where regulators might impose more broad restrictions across the world.

Saturday, October 14, 2017

Steve Wozniak, who co-founded Apple with Steve Jobs, is launching a new online tech education platform he’s calling Woz U, which is designed to promote technology jobs and the skills required to enter the industry. Over time, Wozniak hopes to expand the initiative to include as many as 30 physical locations around the world and courses on everything from software engineering and information technology to mobile app development and cybersecurity, among others. It’s unclear whether courses will be offered for free, or whether Woz U plans on charging for any element of the online education platform. The website does not say.

Woz U also offers access to tech companies interested in using the tools and resources provided to recruit and train employees. The platform will be available to students K-12 through partnerships with school districts too. Down the line, Woz U wants to offer one-on-one instruction to students and, later on, to offer its own accelerator program for prospective startup founders. The overall goal is to increase interest in what Woz U calls STEAM careers, or science, technology, engineering, arts, and mathematics, with the addition of arts presumably a nod to Wozniak’s role at Apple and fellow co-founder Steve Jobs’ lifelong mission to blend technology with the humanities.

WOZ U DOESN’T SAY HOW MUCH ITS ONLINE COURSES WILL COST STUDENTS

“Our goal is to educate and train people in employable digital skills without putting them into years of debt,” Wozniak said in a statement. “People often are afraid to choose a technology-based career because they think they can’t do it. I know they can, and I want to show them how. My entire life I have worked to build, develop, and create a better world through technology and I have always respected education. Now is the time for Woz U, and we are only getting started.”

There are no pricing details on any of the existing or planned features. There is, however, already a mobile app out with some introductory courses, and you can also “enroll” in Woz U starting today, though it’s unclear what exactly that entails beyond submitting a few bits of personal contact information. The whole enterprise seems polished enough, although it should be noted though that Woz U’s initial partner is the for-profit Southern Careers Institute, based out of Austin, Texas. So don’t expect everything in Woz U to be free.

Friday, October 13, 2017

Lenovo teased a bunch of new Moto Mods at Mobile World Congress this year, including one with Amazon's Alexa assistant built in, and another that can instantly print smartphone photos. Yesterday, VentureBeat reporter Evan Blass gave us another look at the Mods, the first since Lenovo's announcements. Notice the slight Polaroid branding on the photo printer.

We knew the Alexa Mod would for sure be released, but the Polaroid Mod wasn't as definite because Lenovo teased it as more of an experiment. Brazilian blog Technoblog also posted an image of the mod last month. It looks essentially the same as Blass' render:

We can guess these might be released soon, maybe even in time for the holidays. While I love the idea of turning any modular phone into an instant camera, I also recognize that carrying this mod around could be heavy and somewhat arduous. We also don't know how many photo sheets it can hold, so presumably, you'll have to carry special paper around, too. That's a lot to ask just to print some photos.

Washington — The Trump administration on Friday rejected a capital increase by the World Bank, which the Bank says is necessary to expand its global anti-poverty mission.

Treasury Secretary Steven Mnuchin said the huge Washington-based institution is inefficient and can be more effective in the nearly $60 billion in development finance it currently allocates each year.

Through greater efficiency, the bank can internally build its capital base and expand lending without the need for more contributions from its 189 shareholder nations — of which the United States is the largest.

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He also said, in a statement to the Development Committee, which sets the action program for the bank and the International Monetary Fund, that the Bank needs to cut funding for emerging economies that don’t need significant outside assistance.

And he said that the bank needs more budget discipline, including controls on staff pay and benefits.

“More capital is not the solution when existing capital is not allocated effectively. Demand for cheap capital will invariably exceed its supply — the key is to ensure that these resources are deployed where they are needed most and can achieve effective and sustainable results,” Mnuchin said.

Without naming any specific country, he suggested that those relatively strong and developed beneficiaries of the Bank’s programs like China, which has over $3 trillion in foreign reserves, no longer need its support.

“We want to see a significant shift in allocation of funding to support countries most in need of development finance, including through a credible application of the World Bank’s graduation policy,” he said.

For wealthier borrowers, the Bank would be better sharing its expert knowledge rather than deploying development loans, he said.

“While we appreciate the Bank’s effort to curtail spending through its expenditure review, we see scope for further budget discipline, especially with respect to compensation and the Executive Board budget,” he added.

The statement rebuffed World Bank President Jim Yong Kim’s plans to increase the Bank’s capital resources, and came as the administration of President Donald Trump pulls back from global agreements in a number of areas.

This week Trump announced the US pullout from Unesco, the United Nations educational and cultural agency. He has halted two major trade pacts and has forced the renegotiation of a third.

It is a season of awards for main cloud infrastructure solutions issuer, IPI solutions, which bagged the Microsoft CSP Partner of the Year Award.

In recent time, the agency has been swimming in award recognitions each at the nearby and worldwide scene. A latest one got here from Silicon Review Magazine, a United States-based totally media proper.

The modern-day award turned into presented to company on the FY18 Microsoft Nigeria Partner kickoff event in Lagos and came at the eve of the company’s arrangements to release a collection of new answers built across the Microsoft cloud era.
According to the sponsor of the award, it commonly acknowledged partners which have demonstrated highest level of excellence in turning in particular cloud solutions around Microsoft era space and furnished the best revenue to cloud-related answers for the monetary yr.

Hence, IPI Solutions become recognised among pinnacle companions for demonstrating excellence in innovation and implementation of client answers based totally on cloud era.

Speaking on the achievement, Chief Executive Officer of Microsoft, Satya Nadella, said, “Digital generation is impacting all components of our society and economies, developing unheard of opportunity for organisations of all sizes. I’m positive and stimulated through the ingenuity of customers, partners and builders anywhere that are pushing the frontiers of what’s feasible with mixed fact and artificial intelligence infused throughout Microsoft 365, Dynamics 365 and Azure, to transform and feature effect inside the global.”

Receiving the award, Chief Operating Officer of IPI Solutions, Mr. Chris Emeka said, “We are elated via this feat and I will want to say that our success is hinged on our particular technique to business which centers on competency, getting the right result for the consumer, in no way supply-up disposition, our expert crew as a united pressure, and our awareness on what we recognize how to do fine.”

The FY18 event signaled the beginning of 2018 business year for Microsoft which has gone through big modifications, both in awareness, route and method on allowing digital transformation for a better society.

The occasion also afforded it the opportunity to proportion the strategic modifications inside the Partner panorama, new priorities, and direction with the partners from everywhere in the u . S . A .. The occasion additionally featured attractive periods, expertise the FY18 imaginative and prescient, a way to offer the great answers to customers and honour awesome achievers from the past monetary yr.

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Steve Wozniak, who co-founded Apple with Steve Jobs, is launching a new online tech education platform he’s calling Woz U, which is designed to promote technology jobs and the skills required to enter the industry. Over time, Wozniak hopes to expand the initiative to include as many as 30 physical locations around the world and courses on everything from software engineering and information technology to mobile app development and cybersecurity, among others. It’s unclear whether courses will be offered for free, or whether Woz U plans on charging for any element of the online education platform. The website does not say.
Woz U also offers access to tech companies interested in using the tools and resources provided to recruit and train employees. The platform will be available to students K-12 through partnerships with school districts too. Down the line, Woz U wants to offer one-on-one instruction to students and, later on, to offer its own accelerator program for prospective s…